that gives us a privilege, it gives us time. if we frit they are time away, if we don't deal with the core problem, which is spending new york matter what you try to do on revenue wecks will have lost this opportunity we have to get our fiscal house in order while we have low interest rates. the other problem, as we see it is growth. if we keep chasing higher spending with higher taxes, we will sacrifice growth. the best way is to get people back to work, in good jobs, with good wages, paying taxes, and getting spending under control. and so when we talk about taxes, and tax reform, this is something for the ways and means committee, something we'll discuss here, loopholes are part of tax reform. closing loopholes which is what we prepro posed for years is the necessary pay-for to get tax rates down to have a globally competitive tax code, to help businesses, to create jobs, to get people back to work. if we use loopholes to chase higher spending, we are foregoing tax reform and missing our opportunity for economic growth. that,